Lets look at 2 charts of Dow Jones:

Using Weekly Chart.

First chart shows 1 year channel broken and estimated fall of exhaustion gap based on 50% gapping rule. Used 2 fibo, one for wick and one for body. Estimated reversal point will be at 0% of fibo, highlighted in red

Second chart, quite obvious... Head and shoudlers formation. Neckline broken, trying hard to stay above... shall see whether will break convincingly...